There is no way to spin these earnings or the company's valuation in any other than a positive. Someone who is interested in making money will buy this company. It's not sexy, some might say it's immoral but it is legal and it generates cash and is growing. Look at the YOY comparisons for net income. What manufacturer is doing this? This company is valued very conservatively. At $700M it is a no brainer. People are concerned about regulation. Are you kidding. This company is so cheap if the government has a problem with SWHC's products they should pay a paltry $1 billion for it to satisfy shareholders and #$%$. (last word is U.) There goes the uncertainty argument.
Bottom line, I own this company, I have for a while, I'm not selling. They need to expand production, raise prices, and go more international. The brand is established.
Yes this is pathetic, but ruger is up5 cents, so I assume this will pop in the morning, BUT THEN I thought we were going to see a big pop like last quater right after the announcement.
We seem to be floating between 10.20. and 10.05.
Since we did not see the big pop up, and lead into a pull back, I think we should see a good day tomorrow. I have to reset my strategy.
Which is hold for the big pop up.